ADS - Alliance Data approves new 200K shares buyback program

Alliance Data Systems Corporation (NYSE:ADS) has approved a new plan to repurchase up to 200K shares of the it’s common stock through February 28, 2023. The share buyback is designed to offset the dilution associated with restricted stock units expected to vest this year. “This repurchase program reflects Alliance Data’s continued commitment to our stated capital priorities, which now include offsetting dilution associated with the annual vesting of outstanding equity awards,” said Alliance Data Chief Financial Officer Perry Beberman.

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Alliance Data approves new 200K shares buyback program